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Cash Advance Loan FAQ's Online

What is a fast cash advance?

    -A fast cash advance is the same as a payday loan.  It is a minor currency loan fully cashable up to $500.

In what manner can a cash advance be expended?

    -However many ways money can be spent.  There are no regulations or limitations on the purchasing power of a payday advance loan.

What is entailed of a borrower to qualify for a cash advance?

-Six months employment (with a minimum monthly wage of $1,000), a valid checking account that is utilized with personal checks, U.S. citizenship and legal adult status (18 years of age) are all prerequisites in getting approved for a payday loan online. 

How much time does a cash advance application take to be approved?

    -30 minutes or less.

How are funds transferred to the borrower? 

    -The funds from a payday loan are electronically transmitted via Direct Deposit.

What is the total amount available from a payday loan?

    -The currency maximum for a cash advance is $500.

Is collateral a required provision in order to receive a payday loan?

    -Borrowers are not required to provide collateral. 

Will a borrower be informed of their payday loan application status?

    -As soon as an approval is verified, the borrower will be informed by e-mail.

What are the chances of getting approved for a cash advance if the borrower has poor credit or prior bankruptcy status? 

    -Very good.  Credit history is not a major issue as long as the borrower is currently employed. 

How much time is allotted for the cash advance to be paid back in full? 

    -Settlement on a payday loan is due at the time the borrower is issued their following paycheck. 

Are borrowers permitted to receive a payday loan if they have an unsettled one at the current time? 

    -Unfortunately not.  Our insurance policy requires us to never divulge cash advances to patrons with outstanding payday loans. 

Can a cash advance be settled earlier than originally scheduled?  

    -Indeed, borrowers can opt to settle their payday loan before the settlement deadline is reached. 

Are extensions permitted for borrowers who need additional time to settle their payday loan?

    -Yes.  If circumstance arise and a borrower needs more time to pay back their cash advance, they will be permitted to do so with a supplementary fee.

Are there fees or interest applied to payday advance loans?

    -In the money lending business, straight fees are normally prescribed for payday loans, rather than interest. 

 

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